Earnings Releases·Nov 4, 2026, 8:30 AM ET

NNN REIT, Inc. — Third Quarter 2026 Earnings Summary

Net earnings rose 13.5% year-over-year to $109.9 million ($0.57 per share), while FFO per share grew 7.1% to $0.90 and revenues increased 8.5% to $249.7 million.
Guidance was maintained for Core FFO ($3.50–$3.54) and AFFO ($3.55–$3.59) per share, though disposition volume guidance was raised to $160–$180 million and G&A expense guidance updated to $54–$56 million.
The company closed $221.7 million in investments and sold 32 properties for $50.7 million in the quarter, with portfolio occupancy reaching 99.2% and ABR increasing 6.8% year-over-year.
Capital management included raising $89.5 million via the ATM program, declaring a $0.62 quarterly dividend (68% AFFO payout ratio), and maintaining a strong balance sheet with $1.4 billion in liquidity and 5.6x Net Debt to EBITDAre.